In Workday HCM, Payroll, and Finance training, trainees would configure the core elements of Workday Payroll as well as study the basics, essentials and navigation of Workday HCM. It also covers some core concepts in Workday Finance. Workday payroll training provides enterprise cloud applications for human capital management (HCM), financial management, student systems, payroll, and analytics. This program is comprehensive with real-world scenarios delivering practical value to Workday aspirants. On pursuing this course, students will gain confidence to hit the job markets and easily clear interviews.
Goals and Objectives of this training:
The goals and objectives of this training mainly focuses on the explanation of the payroll process, setting up the payroll processing framework, listing steps to set up taxes, defining earnings, deductions, and other components, setting up withholding orders, setting up of payroll accounting, banking and settlement, configuring payroll business processes and payroll security, using Workday Payroll to perform payroll processing tasks and delivered payroll reports and creating custom payroll reports.
In this Workday HCM, Finance and Payroll Instructor-led Live training, basic concepts in HCM including the essentials, navigation and basics would be covered. HCM Concepts like tenant implementation, setup, sup org, company hierarchy, custom org, delegation, superior, dividing and location would be covered. Our trainees would be able to navigate in the HCM module with ease after learning these concepts. If you want to learn core HCM concepts and advanced HCM in depth, you can opt for Workday HCM Training.
Workday Payroll Training
Payroll Overview
To give a gist of this training, the payroll setup is reviewed along with the payroll process flow, and sources of payroll data and by accessing payroll applications and dashboards. Students would learn how to navigate the payroll categories of the sitemap, locate payroll information in a worker's profile, describe payroll setup, identify the steps in the payroll process and identify sources of payroll data.
Payroll Processing Framework:
The payroll processing framework includes elements that must be planned and configured before running regular payroll. Here, you learn how to set up these elements according to company requirements. Actions comprised in this section include enabling a tenant for payroll, listing the elements of the payroll processing framework, creating period schedules, defining gross and net pay accumulations, defining run categories, payment election rules, creation of pay groups and assigning workers to pay groups.
The tax setup allows students to get familiar with company tax setup, workday tax details, and the Payroll Compliance Updates dashboard. They would also learn more about tax setup in the country-specific lean Independent payroll courses. Activities taught include identification of tax setup tasks, describing the Workday-delivered tax data, exploring worker tax elections, and using the Payroll Compliance Updates dashboard.
The Workday calculation engine consists of building blocks to define payroll calculations and the business logic and rules governing payroll calculations. It is used to build all payroll earnings and deductions. Concepts covered include the identification of the types of calculations, identification of payroll-specific calculations as well as building simple calculations.
Earning and deductions are payroll-specific calculations. Here, these pay components are studied in more detail by learning how to recognize sources of payroll calculation values, create and edit earnings and deductions, view net pay validation, maintain payroll audit configurations and the specification of limits for recouping arrears.
Federal State and Local Tax Reporting:
This is a four-step process to set up federal, state, and local tax reporting for a company. It is comprehensive in nature and comprises of tasks on explaining reciprocity, completing prerequisites for tax reporting, setting up Federal, State, and Local tax reporting for a company and entering employee tax elections.
There is a set of provisions in Workday for rules and support regarding setting up and processing numerous types of involuntary withholding orders, including bankruptcy orders, support orders, and tax levies- just to name a few. The system is also inclusive of determination of the amount to withhold from the employee's disposable earnings, including any agency and employer fees, based on state and federal law. It applies withholding limits and sets garnishment priorities according to state and federal law. If an employee has multiple orders and the amount to withhold exceeds the limit, Workday follows statutory rules to determine what to withhold for each order.
Payroll Input and Processing:
Various concepts with respect to Payroll input and processing are taught which include low volume input, input steps, payroll processing, EIB, creation of EIB and retroactive processing.
Workday Finance Training:
This is inclusive of prerequisites to banking and settlement configuration and provides an overview of the same. Concepts covered include configuring ACH integration, payment election rules and payroll pay slip configurations, check print layout, bank accounts and pre-note runs as well as settlement business processes and security roles.
The basics of setting up payroll accounting, how to pass payroll expenses to Workday Financial Accounting, and how to generate and review accounting results would be taught as a part of this course. Learners would also understand how to setup costing overrides and the order in which Workday payroll applies to cost overrides to a worker's earnings.
To enhance your skills in Workday, consider additional courses like Workday Payroll Integration Training, Workday Time Tracking Training and Workday Absence Management Training. For aspirants, choosing the Best Workday Training can lead to successful placements in the field.
Reviews
5
Top Rated
Marvel
Beacon of Light
I recently enrolled in and attended all the classes on Workday HCM, Payroll, and Finance Live Class Training conducted by Mary and found it to be extremely beneficial and important for anyone who wants to pursue a solid career in Workday. Mary is an authority in all areas of Workday and is a Go-To-Person for everything Workday or for that matter other ERP Products as well like PeopleSoft because of her extremely rich and extensive and in-depth experience in the ERP Arena. Like Mary always mentions that ERP is like an Ocean, whether it be Workday, PeopleSoft, SAP, etc. or any other ERP Product and there is always something new to learn, I consider Mary to be the beacon of light or lighthouse showing us the light and helping/coaching/guiding/directing our career boats to the right destination while we are sailing in the big ERP Ocean and keeping us up to date with the latest and greatest in Workday. I have also enrolled in the Workday Integration, BIRT and PRISM Reports Live Class Training which will be conducted by Mary sometime soon and I will be really looking forward to attending it as I already know that I will be gaining a wealth of knowledge by attending the classes and which will help me to a great extent to further my aspiration for a fulfilling and solid career in Workday. - Shupratim
Lucy
Mary.. THE BEST Workday Trainer!!
Mary, has been the BEST Workday HCM, Payroll, and Finance Training Consultant that I could ever have to learn from how to use and work the Payroll task in Workday from start to finish. She also taught the class how to fix something that didn't work. I am so grateful and thankful to have had her as my Workday Training teacher. I would recommend her to everyone that asks me where and who gave me my Workday HCM, Payroll, and Finance Training. Whenever I'm really to continue my Workday training with other courses, I will make sure I choose Mary! She was AWESOME!!!! Tammy C
Percy
WORKDAY HCM, PAYROLL, FINANCE LIVE CLASS
This class was amazing! I joined the class with minimal knowledge about payroll and I had no problem understanding the concepts. Mary was a very descriptive teacher with patience and passion in her ways of teaching. The classes were informative and I enjoyed all the content that was taught. The resources are given to me and my classmates were beyond what could be asked. I am hoping this knowledge and access to wonderful resources will allow me to secure a job very soon. I’m very happy I attended this class session. Thank you!! - Vinita Manda
Linda Fernandes
Good Course for Workday Payroll
Good course. Mary structured her training program in such a way that students get involved actively in the learning by attending the Prep Course before she starts the live sessions. She always encourages and motivates her students to push their learning boundaries to achieve greater results. Mary’s teaching style is very practical and easy to follow for students come from all backgrounds. In addition to regular course materials, she also provides cheat sheets which are helpful to refer when you really need during your practice. Thanks a lot Mary for making my learning joyful, interesting, very practical, and easy to understand - Anil Akuri
Sana Dev
Highly-Impressed!!
This is one of the best course I have completed ever. The course is organized in the best way to support the freshers like me with various modules and that too with easy concepts. Even if you're experienced, this course will take you to a new level to get elevate in your career. The cheat sheet has guided with the step-step procedures to get along with the topics as simple as possible. Thanks to the amazing trainer. I'm highly impressed with this training program - William Fred
Janaki
My favorite trainer with an immense knowledge! Thank you so much Mary!!
I have successfully completed Workday Payroll Training at ERP Cloud Training. I like Mary's training method very much, the way she approaches all her students. If any passionate person is looking for Workday training, I would strongly recommend ERP Cloud Training. You will get everything right from live training, cheat sheets, and all the required learning materials. Her training was from basic to advanced topics such as Payroll Processing, Payroll Accounting, Earnings and Deductions, and many more. I found it to be a very informative and worthwhile class and having Mary available to work through various examples step by step greatly facilitated the learning process. She has in-depth product knowledge and can help simplify complex scenarios. The tools for the class are outstanding and presented in an approach that reinforces learning and practice throughout the course. The training was very well organized and it is easy to follow. Mary encourages her students to try, to think, and to experiment with the tool. The training was very successful and interactive. You're are really a fantastic trainer and truly an inspiration. - Andrew Wilson
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